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nPreferred stock price: Pps = $116.95; nStock price par value = $100; nDividend Rate 10% of par nPreferred Dividend: Dps=.10x$100 nFlotation Cost (as a percentage

nPreferred stock price: Pps = $116.95;

nStock price par value = $100;

nDividend Rate 10% of par

nPreferred Dividend: Dps=.10x$100

nFlotation Cost (as a percentage of proceeds): F = 5%

What is the Rps?

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